Huitong News, April 8—— The share of gold reserves held by BRICS countries has increased significantly from 11.2% in 2019 to the current 17.4%, while the share of the U.S. dollar in global reserves has fallen to its lowest level since 1994. The shift from dollar reserves to gold is no longer just a forecast, but a firmly established trend backed by data. Since 2022, more than 3,000 tons of gold have been added to sovereign vaults, with more than 40 central banks participating. The rapid growth of gold reserves among BRICS countries will continue to influence the international monetary system and the logic of asset allocation over the next few years.

A global wave of central bank gold purchases is changing the international financial structure.

The share of gold reserves held by BRICS countries has increased from 11.2% in 2019 to the current 17.4%, while the share of the U.S. dollar in global reserves has fallen to its lowest level since 1994
. This structural change reflects a strategic reorientation by emerging economies toward the traditional currency system and highlights gold’s unique appeal as a safe-haven asset. According to the latest analytical report by technical analyst Michael Harris (Michael Harris) of EBC Financial Group, this trend is developing faster than markets expected